34 Access Way, Carrum Downs

Nichols Crowder

Sold

Thursday, 28th January 2021

Set and Forget Investment

Construction of this 1,153sqm* modern office warehouse located in Carrum Downs was completed in late 2015.

Nichols Crowder proudly negotiated the lease to ASM Eclipse Pty Ltd trading as Promocorp which commenced in December 2015. We still manage the property to date and couldn’t recommend the property and the tenant more highly to any investors looking for a hassle-free investment.

There’s approximately 3 ½ years remaining on the current lease term (exp 30 June 2024) however the business shows no signs of slowing down with the recent expansion into adjoining warehouse providing for and additional 1150sqm* for future growth.

The current rental return is $96,750 per annum +GST and they are perfect payers.

In addition the tenant pays 100% of all outgoings and the lease provides for annual rental increases, directors guarantee and a security deposit.

With direct street frontage onto access way the building features a fully fenced front yard with 18 on-site car parking spaces and a large double story office of approximately 214sqm*

The property is offered for sale with a net return of 5%.

Asking Price: $1,935,000 to be offered as a going concern (ie. No GST payable)

Promocorp Australia is a proudly 100% Australian family owned and operated since 1985. https://www.promocorp.com.au/

For more information contact Joshua Monks on 0409 335 179.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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